Author: Arnes Biogradlija

RWE has signed an agreement with a subsidiary of Algonquin Power & Utilities to sell a 51% stake in four RWE onshore wind facilities in Texas, accounting for a total pro-rata installed capacity of 439 megawatts (MW). The total consideration corresponds to an enterprise value of around $600 million (for the 51% stake), which translates to an implied enterprise value multiple of $1.4 million/MW. Two projects are in operation and two under construction. The disposal is part of RWE’s capital rotation program and the proceeds will be used to finance further growth in the renewable energy business. Algonquin is a…

In collaboration with Global Power Generation, a subsidiary of Naturgy Group, Vestas has secured a 97 MW contract for Hawkesdale wind farm in Victoria, Australia. The project will feature 23 V136-4.2 MW wind turbines which Vestas will supply and install. Vestas will also be providing a 15-year Active Output Management 5000 (AOM 5000) service agreement. With a guarantee of energy-based availability, the service agreement would optimize the energy generation of the fleet and provide a long-term business case for Global Power Generation (Naturgy Group). The agreement follows Vestas’ recent announcement of the second phase of the Berrybank wind project and the…

Centrica Energy Trading has signed a long-term power purchase agreement (PPA) with Taaleri Energia for output from their operational renewable power portfolio in Finland, which totals 312 MW. Taaleri Energia has agreed to a five-year PPA in which Centrica will phase out Taaleri’s power production at 13 sites. The agreement reaffirms Centrica’s experience and determination to support the development of renewable energy systems across Europe through the provision of route-to-market services. “We are excited to deepen our relationship with Taaleri Energia and help them to realise their green ambitions. Being awarded its Finnish operational renewable portfolio and growing our presence…

Vestas and Mitsubishi Heavy Industries (MHI) have reached an agreement to extend their renewable energy partnership. By closing the deal, Vestas acquired MHI’s shares in the MHI Vestas Offshore Wind (MVOW) joint venture, while MHI acquired 2.5 per cent in Vestas and will be elected to the Board of Directors of Vestas. “Welcoming offshore back is the beginning of a new chapter in Vestas’ history, offering strong growth opportunities towards 2030 and further acceleration of the deployment of renewable energy. Since we divested our offshore business back in 2013, we have had a great partner in Mitsubishi Heavy Industries, which we…

Australia’s first ever utility-scale vanadium flow battery is set to be installed in regional South Australia, aiming to demonstrate the potential impact that flow batteries could provide in reaching the energy storage target in the Australian Government’s first Low Emissions Technology Statement. Australian Renewable Energy Agency (ARENA) has invested $5.7 million in funding to Yadlamalka Energy to support the installation of a utility-scale vanadium flow battery at Neuroodla, near Hawker in South Australia. The $20.3 million project will co-locate a 2 MW / 8 MWh vanadium flow battery with a 6 MW solar PV array. It will connect to the…

Neoen has signed a new power purchase agreement with the consortium formed by Heineken, Philips, Signify and Nouryon. This ten-year contract covers a capacity of 126 MW. The future Mutkalampi wind farm in Finland, co-developed with Prokon and owned by Neoen, is to generate electricity and guarantees of origin. The park encompasses the regions of central and northern Ostrobothnia in western Finland. The total park capacity initially announced at 250 MW will be increased to 404 MW, making it one of the largest in Finland. The PPA with Heineken, Philips, Signify and Nouryon is expected to begin in the third…

Vestas has received a 125 MW order for a wind project in the USA, which will feature a mixed site configuration of different turbine versions of the 2 MW and 4 MW platforms, including a range of V150-4.2 MW turbines. The order covers the supply and commissioning of turbines, as well as a multi-year service agreement designed to ensure optimized efficiency over the life of the project. The delivery of the turbines is scheduled for the third quarter of 2021, with commissioning scheduled for the fourth quarter of 2021. “We’re pleased to expand the V150 footprint in the U.S. and to showcase…

Eco Wave Power has signed a collaboration agreement with Meridian Energy Australia. Meridian Energy Australia (MEA) is a wholly owned subsidiary of Australasia’s renewable energy generator Meridian Energy. The goal of the partnership is for the parties to jointly investigate the production of commercial wave energy projects in the Australian National Electricity Market (NEM). Eco Wave Power will consider MEA as a supportive partner, conduct an investigation into the use of wave energy in Australia and find prospects for the implementation of the Eco Wave Power Background IP. “Meridian proudly generates only from 100% renewable sources in Australia. Our current…

Ocean Installer has changed its name to Havfram. The change reflects the company’s increased commitment to offshore wind. The offshore wind commitment will build on the company’s current insights and experience from complex subsea operations. In order to further emphasize the increased commitment to offshore wind and build new business opportunities, the company has established the following business areas: Hav Dyp, Hav Vind and Hav Kraft. Hav Dyp will include the latest company operations in subsea oil and gas projects. The Hav Vind business unit will carry out offshore wind installations and programs. Hav Kraft intends to become a leading consultant…

InfraStrata has signed a letter of intent (LoI) with Triumph Subsea Services (Triumph) for the construction of two Wind Farm Development Vessels (WDVs) each with a length of 200 meters and a beam of 35 meters. Under the terms of the LoI, the wholly owned subsidiary of InfraStrata, Harland & Wolff (Belfast) will be responsible for the construction, assembly and delivery of WDVs to Triumph. Initially, the LoI envisages the building of a single vessel, with Triumph being able to build an additional vessel at Harland & Wolff (Belfast). WDVs can integrate the latest maritime technology, robotics, safety systems as…